EXTENDED MEASURES OF RESTRICTIONS TO CAPITAL ACCOUNT TRANSACTIONS

  • Jorge Selaive

Abstract

In this work we extend a De Jure measure of capital account restrictions, previously
assembled by Miniane (2004) for 34 economies, to a set of 181 countries for
the period 1996-2005. Additionally, having in mind the pitfalls of this indicator,
we propose two new measures. The first excludes prudential regulation and the second weights the indicator by a proxy of enforcement. This group of indicators
allows academics and policymakers to evaluate and analyze the restrictions to
capital account transactions for a large group of economies.
Keywords International financial integration, capital controls
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How to Cite
Selaive, J. (2016). EXTENDED MEASURES OF RESTRICTIONS TO CAPITAL ACCOUNT TRANSACTIONS. Estudios de Economía, 36(1), pp. 97-115. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40222/43420
Section
Articles
Published
2016-04-23